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Hi,
Is this the end of VRST? Can anybody please tell me what should I do with all those shares I have? Is it time to declare it worthless and take the loss or is there a still little hope?
That Steve Krakonchuk made me ruin my life savings into this worthless company of his. Anyone knows his whereabouts?
Who is Joseph Arcaro? He seems to have the VRST reinstated last year?
Any help/comments are appreciated.
that didn't take long.
http://www.sec.gov/litigation/admin/2013/34-69714.pdf
Jun 7, 2013
VRST
VersaTech USA Common Stock Grey Market Revoked
suspension is now over. vrst is on the grey market today.
thanks.do u think VRST will go forward?
UPDATE:READ WHAT HAS TO BE DONE FOR VRST:THIS POST BELOW IS FROM THE MAIN INSIDER OF RDXM.READ THE UPDATE THAT WAS POSTED TODAY ON RDXM BOARD.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88685609
bb72mo
Wednesday, June 05, 2013 6:32:25 PM
Re: swampyankee post# 4468
Post # of 4471
Ben,
Thanks for keeping in touch and the support you always give.
It has taken several days to sift through the information provided to me and a proposed settlement agreement with the SEC.
No matter what we do, it is in the best interest of the shareholders, you can be sure of that.
As it sits they have suspended trading for not getting the filings current. What really exasperated the problem, is the fact they sent mail the Silverdale address and none of it was returned to the SEC as undeliverable, addressee unknown etc. This would have probably ended with a different short term result, but a still more costly and time consuming result for the shareholders.
I have been trying to bring the filings current, with little or no support or co operation from the old management. This in turn has forced me to re construct the financials for the last 8 years, but specifically 2005 and 2006. These records were under the old management control and despite repeated attempts to get them, they never provided them.
When the litigation ensued, everyone plays games and sometimes it is better to attempt to throw others under the bus when it comes to defending your actions. Human nature is what human nature is.
After carefully consulting with the SEC, it will probably be in the best interest of the shareholders to enter into a settlement agreement with no admission of right or wrong and specifically barred from either party calling or referring to it as a victory.
If we enter into the agreement, we take what is called a “time out” for layman terms. We then file the past 2 years financials and refile the registration and once we do this, we are back trading after 60 days.
It does not take a rocket scientist to see the cost benefit of doing something like this. I have been provided a list of other companies that were in this position and they were back trading in 5-12 months depending on how complex their finances were.
Nothing changes from a day to day point of moving the business forward. It takes a huge workload off my back and I have everything I need in my possession to bring the filings current and no longer depend on legal action to recover it.
I will finish review the paperwork provided to me just yesterday and will make a final decision and will be posting an update on the website.
I really do not give shit about some of the posters. One is a pedophile, one a drunk and the other a ghost writer for a worthless lawyer that could not hit his ass if it was in front of his nose.
I am sorry for the revocation, but will move heaven and earth to get it resolved. The nay Sayers can banter about, but I am coming after them one by one and will make their lives a financial hellhole.
Brad Goodspeed and i approve this message
Thanks for your info.
VRST,JUST AS I HAD CALLED RDXM THAT IT COULD GET HALTED,FOR NOT FILING REPORTS,I HAD CALLED IDCN,AND PIPI.THEY ALL GOT HALTED WITHIN TIME AFTER MY CALLS.NOW WHY I POST THIS???BECAUSE
REVOCATION ON VRST DEPENDS.IT COULD TRADE IN THE GREY FOR A LONG TIME.
TO GIVE AN EXAMPLE AS TO WHY.BOTH IDCN AND PIPI STILL TRADING IN THE GREYS.FOR YOUR INFO PIPI IS TRADING IN THE GRAYS AFTER SUSPENSION FOR TWO YEARS NOW.AND THE IDCN FOR OVER A YEAR STILL TRADING IN THE GREYS,AFTER SUPSENSION.AND RDXM IS NOT A SCAM AS THESE TWO WERE.RDXM GOT HALTED THE SAME TIME VRST DID.SO ALL DEPENDS.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64040083
TAKI
Wednesday, June 08, 2011 5:02:12 PM
Re: greedy__malone post# 57982
Post # of 66987
Is this next one for SEC to Halt???Way overdue if you ask me.The other got halted.But this one with the Pos Scambag CEO, that keeps scamming investors with misleading PRs for so many years??
Unreal how this Scammer CEO keeps on going
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64025981
TAKI
Wednesday, June 08, 2011 1:10:30 PM
Re: None
Post # of 22481
I WARNED HERE SEVERAL TIMES.THAT THIS COULD BE NEXT WAY BACK IN OCTOBER.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55706143
TAKI Share Tuesday, October 19, 2010 1:42:22 PM Re: None Post # of 13811
Boys,the SEC is Halting Companies,and ones that you never think of.Becareful this is Not next.
the good news- stil trading on the grey market
maybe, maybe not. if it doesn't have the registration revoked upon suspension end, it will trade on the grey market. no mm's making a market. no bid or ask.
Thanks Renee.
And a howdy-do to you as well, Ash. Very recently another stock that was suspended for Financials delinquencies filed all delinquent Financials, but the Admin Law Judge has made an Initial Decision to revoke the stocks registration anyway.
Integral (I-Hubber) posted that the SEC seems to prefer that a suspended delinquent filer apply for a new registration if / when they do file all delinquent Financials. That means that the current stock registration gets revoked wherein current shareholders of the revoked stock lose their entire investment.
Please read the following linked post to see the gravity of VRST's situation even though the company has attempted to become current with their Financials.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88233381
will trade again,imo
hi Renee, i see 3 new filings http://www.otcmarkets.com/stock/VRST/filings
and SOS reinstatament from jan 2013:
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GqYrYTwibPU9AuHCSKocaw%253d%253d&CorpName=VERSATECH+USA
we had 3 filings since May 13, 2013:
SEC Filings
Form Type
Received
Period Ending
Size
Report
10-K/A May 20, 2013 Dec 31, 2012 577.0 KB PDF RTF HTML XLS
10-K/A May 13, 2013 Dec 31, 2012 217.1 KB PDF RTF HTML XLS
10-K May 13, 2013 Dec 31, 2012 217.0 KB PDF RTF HTML XLS
vrst now on grey market.
http://www.otcmarkets.com/stock/VRST/quote
Ok thank you Renee! Guess this company will have to hurry themselves up if they want to continue
I was offline for a few hours, Willforeall. As Lucky Mydog posted Versa Tech hasn't posted Financials since 2005. The SEC Admin Law Judge has quickly revoked over 774 Suspended stocks in the last 3 years when those SEC Filers were extremely delinquent in filing Financials.
Versa Tech USA has about 2-4 weeks to file all delinquent Fins or VRST will be a revoked stock. Readers may refer to the following I-Hub board post for corollary evidence:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86425208
Excerpt from the Admin Proceeding, red hilites mine.
8. VersaTech, Inc. (n/k/a VersaTech USA) (“VRST”) (CIK No. 933954) is a Nevada corporation located in Malibu, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). VRST is delinquent in its periodic filings with the Commission, having filed only one periodic report since it filed a Form 10-QSB for the period ended September 30, 2005, which reported a net loss of $108,631 for the perior nine months. As of May 20, 2013, the common stock of VRST was quoted on OTC Link, had four market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-
11(f)(3).
Thank you lucky,mydog for letting me know this.
the best that you can hope for is that before the suspension ends vrst either reaches an agreement with the sec or files all delinquent filings. that would avoid revocation of the registration. it would then at least continue trading even though it would be on the grey market.
Oh ok, will let's hope for the best here.
no question,i just don't understand why.
Ok than so why the question?
after the reinstated+name change.no brainer
Renee what is your take in this? Thank you
? What WTH?
wtf SEC Suspension.
VRST: SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-69617.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-69617-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-69618.pdf
.012 NEXT FILING will be about the merger,imo
Totally agree bud, VRST starting to wake up!!
same 21m o/s. this stock can run bigly imo
filing just out
hi HDOG, nice hits took out .01
VRST just upgraded to OTCQB+REINSTATED+NAME CHANGE.Last Joseph Arcaro Merger(S***)ran to $1,both reinstated on jan2013.
bid building, no shares
Looking like a breakout is coming!
action coming. the move will be very fast
like his last merger to .1-1 dollar IMO
.012*.015,I see nothing after .016
Agreed Ash111! Just a matter of time. We have some flipping amongst us here.
Everyone will be chasing soon,no shares.
Watching
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